Bullshit!!! it isn't conservation of energy you know. Money can be created from nothing and it can be destroyed as well.

That depends on your appetite for risk. My main goal at the moment is wealth preservation (i.e. no net outward transfers) and a little gain.

No, that's called currency which is different to real money. There are only two forms of real money, gold and silver. You can't create gold or silver from nothing.

I would have to agree. Money, like Time, is a purely human and very abstract concept.....

The bigger the risk, the bigger the gain. If your looking for wealth preservation gold and silver is a safe bet.

I actually just wrote a paper on the topic a few weeks back. Almost got full marks for it too! It's a significant issue in accounting, how to measure the 'value' of assets.

Divide it by the price of gold.

Ah, but Gold and Silver are also not 'money'. They are simply metals that have been considered throughout history as 'precious', attracting a value as a consequence. In Roman times, soldiers were paid in salt ! It's all very arbitrary and comically human.

People used to exchange other items such as cattle as well. Cattle and salt are not money, just items to exchange as used in a barter society.

Gold and silver is money when it is minted into coins as a medium of exchange or used to back a currency because it is a store of value. A currency such as the dollar has no store of value and is backed usually by gold. A fiat currency isn't backed by anything and has zero value apart from what is inferred. In fact a dollar is nothing more than a promisary note; an IOU.

The biggest city in qld wasn't at UK unemployment rates just the usual tourist areas suffering from the high dollar? Qld has massive projects coming reportable bigger than the WA gorgon project? All the talk is of skills shortages again.

Even McDonalds has resorted to FIFO

http://www.couriermail.com.au/busine...-1226064736559

Australian's able to have high savings due to strong wages growth

http://www.theaustralian.com.au/busi...-1226067488397

Gold and silver are just tokens of money. A bit more substantial than a fiat note but still tokens. If someone refuses to take your gold in exchange for something like food or work then it becomes just a piece of metal.

Money can be destroyed.

People complain about the housing market being a ponzi scheme, it's nothing compared to the gold. What can you actually do with gold? You can't buy anything with it apart from maybe in some Asian countries or exchange it on the black market. Try offering it for sale other than in small quantities to the mint or a jewelers and you'll soon attract some interest from the authorities. Only thing it's good for is jewelry and making good headphone connections, and even gold jewelry is a bit chav these days.

What a load of rubbish. It is quite legal to own gold and it is quite legal to sell it. You obviously haven't heard of bullion dealers.

Australia is not America 50 years ago.

Money stores value within itself whereas a fiat note (or currency) does not.